Nigeria’s stock market lost momentum for the first time since the suspension of former Governor of the Central Bank of Nigeria, Godwin Emefiele, as investors chose to take profit following the recent two-day rally.
Access Corporation saw much of its shares sold as the share value dropped N1.45 or 9.24 per cent, from N15.70 to N14.25.
Cornerstone Insurance topped the laggards list, as its share…
The Nigerian stock market rose to its highest level since July 2008 on Tuesday, the first day of trading after the suspension of the Central Bank Governor, Godwin Emefiele.
According to a report by Bloomberg, investors are betting on a currency devaluation and sent the main…
The market capitalisation of the Nigerian Exchange Limited dropped below N30tn last week, weeks after it crossed the mark, leading to a loss of N476bn for investors.
This bearish trend started on Monday with investors losing N3bn to close at N 30.391 tn. On Tuesday, the…
Stock investors lost N281bn at the end of trading on the floor of the Nigerian Exchange Limited last week.
The NGX All-Share Index and market capitalisation depreciated by 0.96 per cent and 0.95 per cent to close the week at 53,804.46 and N29.310 trillion respectively.
Also, all other indices finished lower with the exception of NGX Premium, NGX Insurance, NGX MERI Growth, NGX Consumer Goods, NGX…
The stock market lost N37 billion on Tuesday after a six-day rally that ended with a take profit bottoming Nigerian Exchange Limited.
The Jeonju index closed at 54,299.76 points, down 67.98 points and 0.13% from the previous trading day. Similarly, the total market…